SUMMARY: This report calculates the economic output (GDP) of Latinos in the United States. This study found that among the world’s largest GDPs in 2018, the Latino GDP was the single fastest growing.

INTERESTING FACTS:

• Latino GDP in the United States was $2.6 trillion in 2018, up from $1.7 trillion in 2010.
• The economic contribution of Latinos is a tremendous engine, Latino GDP grew 72% faster than non-Latino GDP from 2010-2018.
• The number of educated Latinos rose by 63.1% during 2010-2018, while for non-Latinos it rose by only 23.9%.
• Latino households grew 23.2% from 2010-2018 while non-Latino households only grew by 3.8%.
• Despite being only 18.3% of the U.S. population, Latinos are responsible for 78% of the U.S. labor force growth since the Great Recession.

ABOUT THE RESEARCHER: Center for Economic Research & Forecasting (CERF) is a nationally recognized economic forecasting center. CERF economists Matthew Fienup and Dan Hamilton are members of the Wall Street Journal Economic Policy surveys. In 2016, CERF was awarded second prize in the annual NABE Economic Outlook award, for the most accurate quarterly U.S. economic forecast among 80 professional forecasting centers. Authors: Dan Hamilton and Matthew Fienup

Since 1992, UCLA’s Center for the Study of Latino Health & Culture (CESLAC) has provided cutting-edge research, education and public information about Latinos, their health and their impact on California’s economy and society. Authors: Paul Hsu and David Hayes Bautista